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Mad Money

News/Business. (2012)

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Cramer 11, Sandy 9, Europe 8, Apple 6, Us 5, China 5, Booyah 5, Fitzpatrick 5, America 4, Gerald 3, Texas 2, U.s. 2, Obama 2, United 2, Google 2, Ethan Allen 2, Iraq 1, Usa 1, Devan In Ohio 1, Booyah Jim From St. Louis 1,
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  CNBC    Mad Money    News/Business.  (2012)  

    October 30, 2012
    11:00 - 11:59pm EDT  

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i always like to say, there is full market somewhere. i'm cramer. welcome to cramerica. my job is not just to help you, but to entertain you. we have this once in a life time two-day pause in trading thanks to our unwelcome guest, sandy. and this miserable nation pounding hurricane has stymied my ability to talk about the market, because alas we didn't have one.
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that doesn't mean we can't use this break in the action to refocus and try to make some money. for me, it is right smack in the middle of earning's season. i've been able to read twice as many conference calls. and then draw some mid season conclusion that can give us a sense of what awaits us in the final months of 2012. the report is so stark that we have to go over them right now before it starts up again tomorrow. first, our company has spent years and years and years trying to distance themselves from what seemed to be the no growth usa market. the unified currency opened up the market that was right for us expansion. second, they took part in a tiny
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land grab that has provided earnings for several years now. we are making the move to comment on the conference call that gave you hope that a company's business could have another leg up somewhere down the road. china play became a prize possessions on wall street. ♪ hallelujah >> who is going in there, russia, brazil. where companies were starting to do business. they can propel multiple years of earnings. it meant that you were provincial and parochial. and you were hostage to the quote that is we have come to accept that usually, ended up with a quickly over heated economy. this quarter has stood that whole three-point paradigm on its head. it has exposed them to levels of
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weakness. they could crush the ability to the united states has given you. you have to cut the stocks from the cover off the united states. a country where we are pushing up 40 points per share this morning. virtually all the money was made right here in the united states. ♪ >> europe, was so awful that it almost wiped out the american gain. >> the house of pain. >> asia had a nice turn to a 40 million plus dollar gain. $85 million. but, hey, that is not much from the scheme of things. where's the billions and billions in sales? south america profit open again not all that significant. contrast that news with the news from last night with the report. ♪ hallelujah >> u.s. based furniture maker makes bed springs that i'm sure at some point pondered going
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full bore into europe or latin america. i'm sure a whipper snapper said we have to make it more in the bed spring market. guess what? the good old u.s. made these guys important. not because the stocks are going down, this one will be a jumper when the market opens tomorrow. it has been two weeks since the earnings seasons started for the banks. the mortgage business, us bank corp and i'm not banking away. wells far go. they're having so much business. i think it may have dinged their profit margin. hiring people to meet that demand. talk about a high quality program. how could housing be this strong in light of all of the markets since the economy got so weak? tick down the positives. lower prices and lower taxes and
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valuations going down. of course super low mortgage rates. and then moving them into new houses where the jobs are. it doesn't hurt that they are buying homes from banks and putting money into them. plus, we have a growing country. good news for the home builders, many of whom are very well capitalized. more people having kids again. you can go through them case by case. we have a monster good number from whirlpool. owens corning. that's one of those companies that has the dominating roofing shingle thing. normally, i would like to buy this one off of hurricane sandy. but wait a second. no thank you. no dunka. check out stanley black and decker. what could be a better play than hardware with housing picking up
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and construction coming back and the need to be rebuild because of sandy. oh, hold it. stanley black and decker has taken europe by storm and that has become the bain of their existence for a couple of quarters by now. in the previous quarter, it has failed to protect the flag. the handbag company has delivered a fabulous report. back to the u.s. many tried to make europe bigger than america. now a combination of the end of the pc and the freezing of europe has led to horrendous earnings. finally, there is a resource based company that didn't move aggressively into china. now there are dramatic supply gluts even in oil we heard that from the conference call and a return to major production by iraq.
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i think china is coming back. however, right now judging by the quarters we've seen so far, that could be wishful thinking. i think things could pan out. making money is hard money. the easy money is from the u.s. here is the bottom line. the earning season has paused long enough thanks to sandy that we can catch our breath. and when we do, it is the companies that failed and chose not to go over sea so please don't stray too far from home if you want to invest in a way that would let you get some sleep last night. which is more than i had last night at the blaring local doubletree. >> thank you for taking my call. it is an honor to speak with you. this fly fishing instructor from the university of tennessee wants to know, what is up with ford? why is it not a rocket flying high?
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>> it's a rocket flying high in the united states but not in europe. >> it is a rocket flying too low in europe. where they were six years ago they decided to reinvent the company and close a lot of factories i think they will. but because of europe the stock has been a disappointment. devan in ohio. >> booyah, jim. i was wondering about disney. they had a deal with lucas films or something. >> i like that deal. i think bob did it again. they own star wars. what a franchise. remember, they did this with marvel. people laughed when it happened. not unlike how people laughed at them with carrey. whatever. believe me, it is not going to be like laugh in. if that stock opens down as all tomorrow. buy disney. let's go to brett in texas. brett. >> hello, thank you for taking my call.
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thank you for your hard work. i want to send you a baylor bears booyah. >> fair enough. >> i'm a graduate student looking to get a little growth in my portfolio as i near graduation. i've been perusing recent calls. i'm looking for companies that have pulled back with the recent call and i'm curious to hear your take on its long-term process. >> here's what happened. i said at the beginning of the show that i've been reading through conference calls. i read through the under armour call. and i read it in the bathroom. i didn't know where the stock was after. the stock is getting hammered. we're in negative mode right now. simply for outdoor stuff. so let's be careful. let it come in more if you want to pick it up. right now it is what i call a down stock. used to break in the action. find more opportunities to make more money. look for companies that aren't overseas. it turns out that home sweet
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home is really home sweet home the usa. "mad money" will be right back. >> coming up reading between the lines newscorp made headlines when it announced it was splitting off its publishing arm and unlocking shareholders. now there are new developments that could be unlocking its shares. stick around cramer has the front page report. and later, rebuild restore. the market has seen a steady flow of strong signals of housing. with a boost from today's news that home prices are on the rise. but are you running out of ways to join the rebound? cramer has a fresh look at people rebuild after hurricane sandy. he lays the foundation for restoration hardware coming up on "mad money."
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even when the stock markets close because of bad weather and wall street under three feet of water, i'm out here trying to make us some money. lately it has become harder. my stocks keep running the gauntlet of europe and china. then still deliver terrific results. that's why we're always on the hunt for company that have internal catalysts regardless of what's going on in the rest of the world. yes. we're hunting. the east coast can get hit with the worst hurricane in ages. the global wall could smash into a retaining wall. i believe these stocks are still bullish places to be. hence why i'm talking about the break up, corporate break ups. we love it when companies try to
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buyback loads of stock at low prices and by making smart acquisitions. but the be all and end up is when you have a company that tries to make more money for you. we see this play out over and over again. although, with kraft the snack spin off. now we prefer the snack spinoff. so tonight, i want to talk about another company that is breaking itself up. newscorp nwsa, has five major business types. they own foxnews, fx and then there is newscorp satellite tv division. they make their own content.
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they have their own shows. on the movie side, they have a pair of sequels. avatar, they have some powerful stuff in the pipe for years to come. there's just one problem. i said they have five business lines, and the fifth one is publishing and frankly, well, sounds speak a thousand words. [ dog barking ] it is a dog. they own newspapers all over the globe. to make matters worse, they've obtained that u.k. phone hacking scandal. they are doing the smart thing and publishing as a separate company. classic edition by breaking up with publishing it will no longer be held back. it should see it grow by two percentage points. simply because the slower growth publishing business won't be dragging it down.
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it increases by 600 basic points. that is what portfolio managers love. right now, sales are 12 times of the earnings and that is with the publishing business still included. after the break-up you'd better believe it will be awarded with a much higher charitable trust. yesterday there was a reminder of some value. the newscorp publishing business owns the stock and they tried to snap it up but didn't get it. they can still do another deal that would take out excess publishing. they don't want that division to fall apart. they want it to work. but i'm a fan of this spin off. because it will allow to us own the rest newscorp without the taint of publishing. it is a best of breed media.
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they account for 24% of the revenues. the stock is worth owning. they are bringing 55% of the operating income. i think the cable business can deliver advertising growth. the fees that cable companies pay for carrying content. i think they could do over a billion profit by 2015. the company did disappoint in the recent quarter and the stock went down. revenues fell short. that's an opportunity shrinking by 6.5%. lower operating income and $2.85 billion impairment charge and even though the quarter was not so hot, the cable networks were not so strong. while the head line results were disappointing the commentary in the conference call was encouraging. on a segment by segment basis. it seems clear it in good shape. plus they have a terrific balance sheet.
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even though i would prefer dividend a $10 billion buyback. it is almost like viacomm, that blunts how the quarter well let's just say it was not so hot. if they trade back to the historical earnings, this would be a $27.75 stock. $4, 16.6% higher than where it was now. with the publishing spinoff, i think it can go higher than that or my charitable trust. one flaw, rupert murdoch. the brilliant ceo is 81 years old. the scandal last year threw the company's succession plan into chaos. he had to step down. i think we're putting too little faith in rupert. the guy has built a well oiled machine and will keep working well after he was gone. heaven knows he's had a lot of time to put it together. the bottom line, breaking up is easy to do especially when it unlocks value for shareholders. that's what this is all about.
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when the smoke clears, i think people will salivate on this pure play media business. after the break, i'll try to make some more money. >> rebuild, restore. the market has seen a steady flow of strong signals from housing with a boost from today's news that home prices are on the rise. are you running out of ways to join the rebound. cramer has his eye on the ipo. it could also be a key player as people rebuild after hurricane sandy. he lays the foundation for restoration hardware and lump of coal? this commodity has burn in 2012 as cheap domestic natural gas has caused coal to get the cold shoulder. are technical signals taking a turn? cramer goes off the charts. all coming up on "mad money."
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>> high flying united states air force booyah. >> i'm sending you back a thank you for serving the military. we got to have them on the show. booyah back at you. >> this veteran's day "mad money" salutes those who defend our freedom. if you are someone in your family is proudly serving or has served, we invite you to join our live studio audience for "mad money" invest in america honoring our troops. [ engine revving ]
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...but you still have to go to the gym. ♪ the one and only, cheerios the markets haven't come back to normal. we are still cleaning up after one of the worst hurricanes in recent memory. that means we need to go back to teams like the tremendous rebound. housing is so strong that the good news doesn't stop for anything not even my good friend sandy. this morning we good some killer data that said home prices increased by 2% in august. last night we got earnings from the maker of home furnishings. think bed springs which supported an absolutely blowout 6 cent beat off a 39 basis
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quarter. these are just the developments that we've had since the storm shut down stock market. we have had tremendous numbers on the stocks. think about whirl pool. ethan allen reported numbers up. staggering 56%. well ahead of wall street expectations but there is just one problem people. we are running out of ways to play it. ethan allen, up 23%. pier one up 46%. compared to the home builders, get this. standard pacific, spf up more than double. they are well known and well exploited. every now and then you get a moment where the market gives you what you need. this is one of those times restoration hardware, this ipo is the kind of housing related
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stock that we were praying for. restoration reminds me of people whose homes might go there i think contractors and i use it for my beach house redo after irene, sandy is making me go back to that one. the real story is that rest oration heart wear is growing like a weed. that's why i want to you get a piece of this ipo. back in 2008, the combination of the recession wreaked havoc on it and the company has taken a hit. once it was private the new owners did something they never could have gotten away with. they had restoration doubled
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down on being an upscale down with big ticket furniture. you need a big house for this. ritzy chandeliers and closing many of it's old stores and replacing them with free standing galleries. fast forward to today. they are putting up pretty good numbers. the company is taking shares with the home furnishing markets. by targeting high income consumers. it is a smaller store base than williamson opena. so the company has a lot of room to expand. in the most recent nine-week period, restoration posted a 27.8% increase in same store sales. for the last 12 months in july they had a 29% increase. people these are bullish numbers. william sonoma, these other guys aren't close to their growth
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rate. the expected price between 22 and 24. at the mid point, it will be trading 25 times more than last year's. but i think they deserve the trade. it has the highest growth in the group. in the 20s. here's the bottom line. we need a new housing related stock and we are in luck. because it is expected to become public even if it comes at a higher price it is probably worth buying. it is growing so much faster than any of the others. i want you to get in on the ipo. i'm not telling you to buy this in the aftermarket. because that is how you get burned. get in on the deal around the mid 20s. or take a pass. or find another one with another risk reward. i want to go to dan in ohio.
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>> hey, jim, it is dan here in ohio. >> hey, dan. >> i'm a 15-year veteran in the industry and in november of 2008 our industry got crippled up pretty good. my question is regarding brunswick. they hit an all-time low of $1.82. the first week of november of 2008, questioning where we might go with the new president and buyer's confidence for the luxury market. >> it is clear the market believes that under a romney administration the rich people would do better. therefore there is more boat buying. whether you believe that or not that is the perception. if romney does win brunswick goes higher. pretty simple. is it right? let's just say it's simple. let's go to ryan in mississippi. >> booyah, cramer. i've got something i need some help on. what are your thoughts on mmc and where do you see this company goes in the feature.
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>> that stock has done nothing. literally nothing. i got to tell you. it needs to be a catalyst. it is an agent that, i don't know. it has a couple businesses. i can't recommend it. not in a situation where you might be able to get travelers on the pull back. it could be much, much better. a new way to play house. a rebound is what we needed. it is exactly what we needed. i think restoration hardware fits the bill. i want you to bye, buy, buy, buy! stay with cramer. >> coming up, are you ready to get charged up? cramer goes electric on an all new hyper active lightening round. and later lump of coal? this has been burned in 2012 as chief domestic natural gas has caused coal to get the cold shoulder. but our. >> reporter: technical signals indicating a turn? cramer has the plays when he goes off the charts.
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>> all coming up on "mad money." ♪ one on the left and one on the right ♪ ♪ can't tell them apart, try as you might ♪ ♪ but a wise man once said that the secret to life ♪ ♪ is to find one that don't look the same ♪ ♪ find one that don't look ♪ the same ♪
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it is time for the lightning round. and then the lightning round is over. are you ready? it is time for the lightning round i want to start with rebecca in illinois. >> thank you for taking my call. >> my pleasure. >> no, no we are going to stay away from mcdonald's. it is in some sort of absolute downspin and i won't get in front of it until it has a better yield. let's wait until it goes to 80. brian in texas, brian. >> hi, jim. like yourself i thought i was of sound mind. and frontier communications spun off verizon. >> no, no this is way too competitive. i don't want to touch that. go for verizon. i will embrace centurylinc but it is no good. let's go to gwen. >> how do you feel about
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starbucks? >> it is going down. i know that. it is down from 60 and forget it. i want to bet on howard schultz the ceo. i am a buy, buy, buy, buyer. isaac. >> booyah, how are you? >> how are you. >> fine. >> i hope you and your family are safe. >> thank you very much. i hope you're safe. >> thank you. >> the reason i'm calling is -- food. i own it for the spin off and they have sold 12% to the public and they are going to spin off the remaining 88 cents to shareholders within six months. do i hold on to it? >> i read a negative article about the ceo and i think it hurt the stock. i think a lot of people are
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angry at the guy but i would hold on to the stock. >> bill. >> my question is with marley corp. next year they claim to be tripling in size. producing 40,000 tons -- >> well let's wait. you may be disappointed and disappointed and disappointed. >> [ baby crying ] >> i'm not willing to take that. to jen in maryland. >> it has come down enough to be equal to panera. let's go to rafeek in wisconsin. >> how are you? >> i'm doing fine there, sir, how about you? >> i love your show and you have a great style and knowledge like you. my question is about the company called osh kosh. >> the stock is not doing well. why? i think over the last three or
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five years, i think they are doing better than people think. mark in missouri. >> booyah jim from st. louis. tazer. >> i have not looked at that in some time. i can't make a snap judgement on it. let's take it down and do some work on tazer. how about gerald in california? gerald? gerald? >> i'm here in san diego where it's warm and dry. my stock -- >> the stock went off when it went public. i think it is too expensive. i don't want to be in zillo either. i think these stocks have had a big move. i'm not going to take them at these levels. let's go to jason in massachusetts. >> jim, mitt romney says that china steals our intellectual property, what do you think of
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one of these tech companies that enforces intellectual property rights like. >> i got to tell you they are impossible to value. i have been working on a bunch of them. they are too hard. i am not the call. let's go to albert in florida albert. >> booyah, jim. >> booyah, albert. >> long time listener first time caller. i would like to know about pgh. >> when that came public i said let's not work on it because i don't like that group. but that is not a good enough answer for you now. i have to do homework on that. that yield is too big. it is worth looking at but it may turn out to be a problem. and that ladies and gentlemen is the conclusion of the lightning round. >> coming up, lump of coal?
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this commodity has been burned in 2012 as chief domestic natural gas has caused coal to get the cold shoulder. are technical signals indicating a turn? cramer has the plays when he goes off the charts. get married, have a couple of kids, [ children laughing ] move to the country, and live a long, happy life together where they almost never fight about money. [ dog barks ] because right after they get married, they'll find some retirement people who are paid on salary, not commission. they'll get straightforward guidance and be able to focus on other things, like each other, which isn't rocket science. it's just common sense. from td ameritrade. syou know, i've helped a lot off people save a lot of money. but today...( sfx: loud noise of large metal object hitting the ground) things have been a little strange. (sfx: sound of piano smashing)
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a tough day and the stock market wasn't even open. half the country got pounded by hurricane sandy. how about some good news. the good news like the fact that coal after getting absolutely pulverized for ages. down an astounding 74% from its peak in august of 2010. maybe, i don't know, rebound, at least on a technical basis. that's why to that we're going off the charts with the help of dan fitzpatrick, my colleague at the street.com. the dow jones coal index is
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not only reversing, it has actually started breaking out to the upside. ♪ hallelujah and once the markets open again he thinks we could have a serious coal rally. yes, coal is once again king. >> why are they so, so confident? take a look at the weekly chart at the u.s. coal index. it shows that investors it has pretty much defined the downtrend in the coal index. ever since it fell below in july of last year. throughout the whole period they were much more aggressive. it was only in brief rallies. for months and months and months, they had control of the coal stocks.
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do you see that? that's jelly stone national park. fitzpatrick points out that the balance of aggressiveness has normalized and for the last few months it has turned sideways. that reduces the cost base of recent buyers. basically the coal stocks have been building a base where security changes handed at the same general level. base building and it is awaiting a resolution. that's when he we were for weeks. now fitzpatrick knows they are at hand. now the buyers are taking wall street coal index. meanwhile, selling pressure has become very light. one other point. while it was building its base, it had time to fall down to the current price. now we reached a point where the cool index could go below the
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moving average. it proceeded to the sell-off so maybe it breaks out above this level could lead to a tremendous rally. that would be the symmetry that many technicians look for. it seems like coal is coming back in style. if you want to play coal, fitzpatrick suggests you do it with one of the other players. and not with the border index. let's to go peabody. let's go with the coal chart. this is a stock that had been unable to stay above the line. it was the 50-day moving average. an intermediate trajectory. and fitzpatrick notes that it was done until mid august when the 50 day moving average flat lined. here's august. the reason it flat-lined is
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because peabody began printing or closing at higher lows. see? it reversed it. the reverse and after the past few months the 50 day moving average is a floor of support rather than the stealing of resistance hits there and goes down and suddenly hits there and goes higher and it is the spring board, people. in late september and to a high and then actually broke out above the 200 day moving average. that it was a dramatic change of cake for the stock. fitzpatrick says the buyers are now in control, not the sellers. technicians live for that move. i live for other things. no accounting for taste. take a look at the volume bars. during the month of october, trading volume in peabody has
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been on the rise as the stocks have been climbing. look at that. three time the average daily volume. when you see the rising volume, especially with this important breakout, that is a sign of institutional buying. big firms are the only source of such power. only they could create this vibe. and he thinks the stock is one you want to buy. now let's go to something that's going from that. okay now, take a gander at the chart. this one shows the same chart. a down-trending stock defined by a ceiling of resistance. look at this. this is like an acoustical feeling. it can't get past there. where that key moving average is now suddenly, look at this.
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moving higher. this is a huge development and it is in the direction, it now reflects the strength and commitment of buyers. they have the higher lows and higher highs over the past couple months. you didn't take out that low there. it didn't take out that low. the stock has built a base and the sellers are probably finished as buyers get more impatient and don't want to wait. unlike they have yet to test it. a major hurdle for the stock. nevertheless, he thinks the 50-day moving average where it would seem he could pick it you at six and he would feel very good about it. now, before you go whole hog on this stuff, let's talk common sense on this stuff. my view on coal. first. i believe natural gas has moved
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up during the summer and where the stocks are putting gas over coal. probably around $3.50. which allows inventory to be moved up. that business is to increase coal demand although that has fallen off the menu has an attractive power post fukushima. which plays right into coal's hands. fourth, india is driving up prices world wide. witness coal demand. finally, it is important. we have a candidate who is very pro coal. governor romney. that is all the good news. now, let me give you a negative. one that will cancel out all the positives. if president obama is reelected, the epa may wave a magic wanted
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and insist that coal is taken out much quicker than expected. that would crush the coal move. the charts indicate that the long bear market and it may be able to rebound. and rebound hard. i say if you believe, this is technical, it is still waiting to see who wins the presidency. i believe if romney does, you have a coal move. if obama wins, this whole thing could be in jeopardy and you will wish you never heard of any of these stocks. "mad money" is back after the break. ♪
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big shake up at apple. the guy who canned google maps is canned. the guy who wrecked throughout the retail stores he is out of here. he got his team in place. sell sell sell apple. cook could have done nothing and sell sell sell apple. and people would say sell sell sell apple. we are in full bore sell apple mode now. i think they were needed. steve jobs never promoted something like that. simply because google makes a superior choice. in fact he was willing to give samsung all of apple because
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jobs didn't like working with intel which he regarded as a difficult to deal with company even if it didn't compete with apple. jobs loved the retail stores and he would have hated the cheap skate stores that made the cheery staff unhappy. jobs was not a nice man. but he did not want his public interface to be grumpy. so if these were so necessary, why weren't they viewed as being positive. losers have management turmoil. second and more important, this is no longer steve jobs apple. this weekend at the homecoming, i had the rare privilege to interview isaac who has written many books including this one. the book is so sensational in so many levels. i asked him how he viewed the post jobs apple and everything seems so incremental.
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moreover he told the audience that jobs was really keen on solving the holy grail of television with an itv that allows to you throw the remotes away and say the name of the show. mad money. he didn't say that. i wish he had. apple need to buy into the cable companies. jobs brow beat the music execs into submission. he told him he can do the brow beating it is necessary. i'm not telling you to tell apple this. as i mentioned to them, the people who follow my charitable trust, it is a great balance sheet. it could be growing by leaps and bounds. we need omg to get apple to the new highs. if these changes get apple to put out a new blow-away product that we never thought of and
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immediately regard as a necessity, then it will seem outright silly. without it you can own it and invest in it but you will have to take some lumps. stay with cramer. >> i want to give you a black knight combat booyah. >> big navy booyah blue blue blue blueyah. >> i'm sending you back a thank you for serving. love the military. everybody call from it. we have to have you on this show. >> this veteran's day "mad money" salutes those who defend this country's freedom. if you or someone in your family is proudly serving in america's armed forces we invite you to join our live studio audience, honoring our troops. for tickets go to our website. this is america.
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we don't let frequent heartburn come between us and what we love. so if you're one of them people who gets heartburn and then treats day after day... block the acid with prilosec otc and don't get heartburn in the first place! [ male announcer ] one pill each morning. 24 hours. zero heartburn. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business.
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this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. as part of a heart healthy diet. that's true. ...but you still have to go to the gym. ♪ the one and only, cheerios remember there was a lot of important news today even though the market was closed. ford, ibm with it's 5 billion buyback. remember that stock has been coming down. union pacific saying a lot of good things at a conference for the rail business.